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John Templeton Has Died
EconomcPolicyJournal ^

Posted on 07/08/2008 11:05:21 AM PDT by Kozman

Billionaire, former mutual fund manager, Sir John M. Templeton has died. Templeton ran some of the most successful mutual funds during the initial boom years for mutual funds.

In 1939, when World War II began in Europe and the stock market was at record lows, Templeton borrowed $10,000 and bought 100 shares each in 104 companies that were selling at $1 a share or less, including 34 in bankruptcy. A few years later, he made large profits on 100 of the companies; four turned out to be worthless.

Templeton renounced his American citizenship in the 1960's and moved to the Bahamas.

He said his investment record improved after he distanced himself from Wall Street and no longer worried about the tax consequences of his decisions...

(Excerpt) Read more at economicpolicyjournal.com ...


TOPICS: Business/Economy; Religion
KEYWORDS: chuckcolson; johntempleton; philanthropy; templetonprize
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1 posted on 07/08/2008 11:05:21 AM PDT by Kozman
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To: Kozman
Templeton renounced his American citizenship

A real role model for today's corporate types. No understanding that some things are worth more than mere money.

"What does it profit a man to gain the whole world and lose his own soul."

2 posted on 07/08/2008 11:10:58 AM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: Kozman

So what? Today Mr Templeton stands before St Peter in his tightie-whities.


3 posted on 07/08/2008 11:13:47 AM PDT by skeeter
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To: EternalVigilance
"What does it profit a man to gain the whole world and lose his own soul."

I don't quite understand your point. Are you saying that Mr. Templeton lost his soul because he renounced his American citizenship? Where is that in the Bible?

L

4 posted on 07/08/2008 11:15:13 AM PDT by Lurker (Islam is an insane death cult. Any other aspects are PR, to get them within throat-cutting range.)
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To: Kozman

Brilliant Investor but also a bit wacked out, like Soros or some of the others.


5 posted on 07/08/2008 11:18:14 AM PDT by 1Old Pro
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To: EternalVigilance
He said his investment record improved after he distanced himself from Wall Street and no longer worried about the tax consequences of his decisions

A real role model for today's corporate types. No understanding that some things are worth more than mere money

Since we are a nation of immigrants, who left their home countries in search of a better life, do you have the same opinion about all of our ancestors? It appears one reason Mr. Templeton left this country was because he found more freedom elsewhere. Sounds to me like he valued freedom more than geography, like many of our ancestors.
6 posted on 07/08/2008 11:19:23 AM PDT by chrisser (The Two Americas: Those that want to be coddled, Those that want to be left the hell alone.)
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To: EternalVigilance

If America didn’t have one of the worst Tax systems in the world he wouldn’t have had to renounce his citizenship. More people should revolt against our disgusting, unfair tax system.


7 posted on 07/08/2008 11:20:27 AM PDT by FightThePower! (Fight the powers that be!)
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To: Kozman

Wasn’t he the first benefactor of the Heritage Foundation? I think he was one of the few Billionnaires who funded conservative think tanks. May God welcome him into heaven.


8 posted on 07/08/2008 11:23:10 AM PDT by winner3000
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To: Lurker; EternalVigilance
Genesis 15:18
In the same day the LORD made a covenant with George Washington, saying, Unto thy seed have I given this land, from California to the New York Island, from the Redwood Forest to the Gulf Stream waters, this land I give to you and your seed.

9 posted on 07/08/2008 11:24:33 AM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Lurker

Nope. I’m not saying that at all.

I’m saying that I wouldn’t trade my American citizenship for a million times the money this gentleman amassed.

What’s yours worth?

Whether he traded eternal riches for ultimately worthless money that now does him no good is a matter between him and God.


10 posted on 07/08/2008 11:28:03 AM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: Kozman
Templeton renounced his American citizenship in the 1960's and moved to the Bahamas.

Make sure he is buried in the Bahamas...

11 posted on 07/08/2008 11:28:12 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: FightThePower!

By giving up their citizenship? Wow.


12 posted on 07/08/2008 11:28:50 AM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: Kozman

http://www.nytimes.com/2008/07/09/business/09templeton-cnd.html?_r=1&pagewanted=all


13 posted on 07/08/2008 11:31:54 AM PDT by abb (Watergate was a Drive-By Media coup d'etat. )
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To: Alter Kaker

Washington had no children, a great regret to him. Otherwise that is an accurate translation. ;-)


14 posted on 07/08/2008 11:34:26 AM PDT by bvw
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To: Alter Kaker
Don't forget verse 23
Stand beside her,
and guide her,
throught the night
with the light
from a bulb.

15 posted on 07/08/2008 11:40:26 AM PDT by NonValueAdded (If it is going to take 10 years, shouldn't we get started? Drill here, drill now, pay less.)
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To: Kozman

He’s dead, Jim.


16 posted on 07/08/2008 12:00:34 PM PDT by RexBeach ("Americans never quit!" Douglas MacArthur)
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To: chrisser

Think of the mass exodus of capital from this country when 0bama becomes President. Yikes!


17 posted on 07/08/2008 12:12:33 PM PDT by definitelynotaliberal
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To: winner3000
Not only that but Templeton has donated to thousands of Christian organizations not only in America but also around the world!!!

The U.S. has punished achievers for decades for being successful. While I might NOT have give up U.S. citizenship, that makes him no less worthwhile to U.S. and to millions of struggling around the world.

18 posted on 07/08/2008 12:28:54 PM PDT by zerosix (native sunflower)
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To: Kozman

“Templeton was known for funding religion and science projects, donating millions to religious leaders, scholar, and scientists “
http://blog.christianitytoday.com/ctliveblog/archives/2008/07/philanthropist.html

Kind of looks that he might have known where to permanently store his riches US citizen or not.


19 posted on 07/08/2008 12:38:02 PM PDT by scottteng (Proud parent of a Life scout.)
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To: winner3000
Templeton also set up a foundation to promote dialog between scientists and theologians.
20 posted on 07/08/2008 12:45:19 PM PDT by stan_sipple
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To: EternalVigilance
Why is paying high taxes a patriotic thing to do? Yes, I vote for an Atlas Shrugged scenario where instead of paying high taxes, high earners simply leave the country with 100% of their assets. Or do you think the government really owns your money?
21 posted on 07/08/2008 12:58:33 PM PDT by FightThePower! (Fight the powers that be!)
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To: EternalVigilance

Do you know anything of John Templeton? He may not have admired our tax system, but he certainly understood that there are things greater than merely having money. His donations have helped church groups, educational groups, religious studies, scientific studies, and he has generally been an extremely admirable man.

He was a good Christian, and used his money to help others. It might help to look a bit more into a man before accusing him.


22 posted on 07/08/2008 1:01:22 PM PDT by onja
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To: onja

I simply commented on the sacrifice of his American citizenship for reasons of money. No matter what else he did, I can’t and won’t respect that.


23 posted on 07/08/2008 1:04:49 PM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: FightThePower!

Funny that someone with your screen name would praise running away.


24 posted on 07/08/2008 1:06:02 PM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: EternalVigilance

The IRS has a lot of power over people here in the US, and fighting it directly is likely futile. The most effective way to fight it may well be to eliminate its power over you, and thereby deprive it of the very thing (tax revenue) that it seeks.


25 posted on 07/08/2008 1:16:17 PM PDT by Arguendo
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To: EternalVigilance

You must be a big government socialist who thinks it a good think to pay 40% of all the money you make to the government, then when you die you get to pay 60% of your estate to the government. You are what is wrong with Conservatives in that you talk a good game about wanting small government and low taxes, but doesn’t really mean it.


26 posted on 07/08/2008 1:17:28 PM PDT by FightThePower! (Fight the powers that be!)
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To: definitelynotaliberal
Think of the mass exodus of capital from this country when 0bama becomes President. Yikes!

What doesn't leave will be confiscated (for the good of the children/party/country/other (pick one)) or else it will be destroyed.

But we'll have change. That's for certain.
27 posted on 07/08/2008 1:56:38 PM PDT by chrisser (The Two Americas: Those that want to be coddled, Those that want to be left the hell alone.)
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To: FightThePower!
"More people should revolt against our disgusting, unfair tax system."

True enough, but.....guess you haven't looked at taxes in the UK lately, my friend.

28 posted on 07/08/2008 2:39:54 PM PDT by RightOnline
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To: Kozman

bump


29 posted on 07/08/2008 2:43:44 PM PDT by VOA
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To: Kozman

bump


30 posted on 07/08/2008 2:43:48 PM PDT by VOA
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To: Kozman

IMHO, he sure beats the H-E-double toothpicks out of one of the other
“Time Magazine’s 100 Most Influential People (Time 100)” on the issue
of investigating spirituality: Deepak Chopra.

But hey, I’m a Western-European Descended bigot so I guess that comes
as no suprise.

for reference:
John Templeton
http://en.wikipedia.org/wiki/John_Templeton


In 2007, Templeton was named one of Time Magazine’s 100 Most Influential
People (Time 100) under the category of “Power Givers.”

Templeton was given this honor for his “pursuit of spiritual
understanding, often through scientific research” through his establishment
of the John Templeton Foundation.[11]


31 posted on 07/08/2008 2:48:37 PM PDT by VOA
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To: RightOnline
“True enough, but.....guess you haven't looked at taxes in the UK lately, my friend.”

Even Russia has a 13% flat tax. No inheritance tax either.

32 posted on 07/08/2008 3:49:58 PM PDT by FightThePower! (Fight the powers that be!)
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To: Kozman

One article I read decribed Templeton as a “devout presbyterian.” Given the modern day PCUSA one has to wonder what exctly is a devout presbyterian. That being said based on what I’ve heard and read he seems like he was a good and decent man with an eternal perspective.


33 posted on 07/08/2008 4:31:54 PM PDT by fkabuckeyesrule
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To: FightThePower!

No, I’m a conservative who thinks American citizenship is a priceless blessing that shouldn’t be bought and sold like stock shares.


34 posted on 07/08/2008 5:06:59 PM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: EternalVigilance
“No, I’m a conservative who thinks American citizenship is a priceless blessing that shouldn’t be bought and sold like stock shares.”

How much tyranny do we need to endure before we are allowed to leave? Or do you think the government should a Berlin Wall with taxes for those who chose to leave? Maybe we should build a real wall and just keep everybody here? If you love America for its freedom, you should want people to keep their money and not have the government steal it. John Templeton left to avoid the ridiculous taxes that the USA has. If more people did what he did maybe we would have a better system. He's a hero and you are a socialist!

35 posted on 07/08/2008 6:11:51 PM PDT by FightThePower! (Fight the powers that be!)
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To: FightThePower!

You can leave any time you want. Just don’t ask me to applaud you if you spit on American citizenship.


36 posted on 07/08/2008 8:06:07 PM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: EternalVigilance

Implying any righteousness in the US tax system is silly. Are we serfs, that we do not have free will to ever change our tax masters?


37 posted on 07/08/2008 8:40:38 PM PDT by WoofDog123
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To: FightThePower!

“Why is paying high taxes a patriotic thing to do?”

War is Peace
Slavery is Freedom
Ignorance is Strength

INGSOC


38 posted on 07/08/2008 8:43:30 PM PDT by WoofDog123
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To: FightThePower!

How much tyranny do we need to endure before we are allowed to leave?


Anyone who wants to leave is allowed to leave. Don’t let the door hit you on the way out.


39 posted on 07/08/2008 8:44:00 PM PDT by durasell (!)
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To: EternalVigilance

“Funny that someone with your screen name would praise running away.”

“running away’ implies he is compelled to participate in a particular thing. Only serfs and slaves have no choice in who their master is.


40 posted on 07/08/2008 8:44:40 PM PDT by WoofDog123
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To: WoofDog123
“running away’ implies he is compelled to participate in a particular thing. Only serfs and slaves have no choice in who their master is.

Where do you guys get this stuff?

41 posted on 07/09/2008 5:10:31 AM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: durasell
“Anyone who wants to leave is allowed to leave. Don’t let the door hit you on the way out.”

Yes, you can leave but only after you pay the government the taxes they think they should get. Sounds kind of like ransom. True freedom to leave would be if you could leave with your assets in tact.

42 posted on 07/09/2008 6:34:54 AM PDT by FightThePower! (Fight the powers that be!)
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To: FightThePower!

You must really hate this country...


43 posted on 07/09/2008 10:41:15 AM PDT by durasell (!)
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To: durasell

I love the country...and I wish they didn’t steal so much money from me.


44 posted on 07/09/2008 11:46:33 AM PDT by FightThePower! (Fight the powers that be!)
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To: NonValueAdded
From The New Revised International Standard American English Version:
Stand beside her,
and guide her,
through the night
with the light
from a[n] incandescent bulb.

Cordially,

45 posted on 07/09/2008 11:56:13 AM PDT by Diamond
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To: FightThePower!

So, you love the country, but hate the gubmint?


46 posted on 07/09/2008 1:35:46 PM PDT by durasell (!)
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To: EternalVigilance

True this is still a great country, but it doesn’t resemble the Founders plan. If there was another America discovered, I would consider moving there.


47 posted on 07/09/2008 1:43:57 PM PDT by stevio (Crunchy Con - God, guns, guts, and organically grown crunchy nuts.)
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To: stevio
True this is still a great country, but it doesn’t resemble the Founders plan.

Well, we can run away, like this guy we're discussing here did.

Or, we can do nothing; which is what most folks are now doing.

Or, we can try and put things back right.

I choose "three."

48 posted on 07/09/2008 1:49:24 PM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: EternalVigilance

That is the only option for me too.


49 posted on 07/09/2008 1:51:23 PM PDT by stevio (Crunchy Con - God, guns, guts, and organically grown crunchy nuts.)
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To: durasell

“So, you love the country, but hate the gubmint?”

Love the country fear the government. Also think any tax rate that is higher than 10% is theft.


50 posted on 07/09/2008 4:47:42 PM PDT by FightThePower! (Fight the powers that be!)
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